Why the Strait of Hormuz will take a long time to reboot

Ships in the Strait of Hormuz might be the only things that aren’t moving

Ships in the Strait of Hormuz might be the only things that aren’t moving.

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Even as markets surged on hopes of a deal between the U.S. and Iran after President Donald Trump’s latest dramatic reversal, shipping through the critical waterway remained effectively halted Wednesday and is unlikely to fully resume until there is long-term stability, industry figures told NBC News.

Hundreds of ships and their crews remain stranded, with operators unwilling to risk crossings amid the tense marine standoff between Tehran and Washington.